MELBOURNE: Freehill Mining Limited announced that one of the company’s diamond drill rigs has now been moved into position at the first of two Induced Polarisation targets to test those structures for copper mineralisation.
This follows on from a geochemical surface study covering the northeastern portion of the of the Company’s 100%-owned Yerbas Buenas (YB) project area and reported in the ASX December 9, 2019.
Two drill holes are initially scheduled to be drilled, each to a depth of 400m to test the target to the full depth indicated by geophysics.
The Yerbas Buenas project has proven magnetite mineralisation as well as being prospective for both gold and copper mineralisation. Drilling results from the company’s two drilling campaigns have so far demonstrated that magnetite mineralisation extends along at least a 2 km contiguous corridor of what is shown by geophysics to be a 3km long structure extending from the northern boundary to southern boundary of the property.
Testing of the property’s gold and copper mineralisation planned for December 2019 with diamond drilling to commence on the two IPanomalies highlighted in earlier exploration.